Can short term capital loss be set off against another head of income?

Short term capital loss is allowed to be set off only against the Long term and short term capital gain. It cannot b

The short term capital losses can be carried forward for 8 assessment years immediately.

Example:

Mr B, a resident furnishes the following details:

Particulars Amount
Income from Salary 45,000
Long term capital gain 19,000
Short term capital loss (25,000)

What is the total income to tax for the AY 2019-20?

Solution: Total Income of Mr B

Particulars   Amount
Income from Salary   45,000
Capital Gains    
Long term capital gain 19,000  
Short term capital loss (19,000) 0
Total Taxable Income   45,000

*Balance Short term capital loss of Rs 6,000 [25,000 – 19,000] has to be carried forward.

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